You don’t choose a home because you love the paint color. No, an investment this big demands in-depth knowledge so that you can buy with confidence.
That’s where we come in. Our agents can provide more property data, including sale price history, neighborhood information and real-world context, than other agents nationwide. And we’ll not only pull the numbers, but also review each and every item with you until you’re certain that you’re making a smart investment.
Whether you're a first time home buyer, second/repeat home buyer, or investor, weunderstand the value of your future investment and will guide you through the purchasing process.
Of all the decisions you'll face when buying a home, there's none more important than the person you choose to represent you.
The job of your Sales Associate is to support you in finding the right home with the best possible terms, and to aid you through the entire process. Your Sales Associate will explain the process of buying a home, and familiarize you with the various activities, documents and procedures that you will experience throughout the transaction.
Your Real Estate Professional should be:
Your Sales Associate will help you to select a mortgage lender. Once you have made your decision, these are the steps of the process:
1. Pre-approval - Most real estate professionals and mortgage lenders recommend pre-qualifying for a loan BEFORE selecting a home to purchase. This process will help you determine the Price Range you can afford. Understand the types of loans you qualify for. Determine what your monthly payment will be. Estimate the down payment and closing costs.
2. Application - After you've found your dream home & your offer has been accepted, then you move on to securing your loan. All pertinent documentation is obtained. Fees and down payments are discussed, and the borrower will receive a Good Faith Estimate (GFE) and a Truth-in-lending statement (TIL), itemizing the rates and associated costs for the loan. You will be asked to provide certain documents to your lender in order that your loan can be processed in a timely manner.
3. Loan Submission - Once all the necessary documentation is in, your completed file is submitted to a lender for approval.
4. Loan Approval (Underwriting) - Loan approval, or underwriting, generally takes 24 to 72 hours. All parties are notified of the approval and any loan conditions that must be received before the loan can close.
5. Closing - Once all parties have signed the loan documents, they are returned to the lender. If all the forms have been properly executed, the lender sends the loan funds by wire transfer. At this point, the borrower finishes the loan process and actually buys the house.
Your Sales Associate is key when on your home search. They will set up all property viewing appointments, submit offers, negotiate terms, and schedule your inspections on your behalf, so you can be confident and care free.
Based on criteria that you and your Sales Associate establish together, your Associate will help you find the perfect home. There are many factors to consider in selecting a property, including location, bedroom and bath count, schools and amenities.
Your Sales Associate will apply their extensive community knowledge and professional resources to research available properties, and show you the homes that best meet your needs. If you find a property that interests you through the Internet or your own research, let your Sales Associate know so that a showing can be arranged.
As you view different properties, your criteria may change. Open and direct communication with your Sales Associate is a key element of a successful property search.
Once you have found the home that you wish to purchase, your Sales Associate will apply their professional training and do all the necessary research to help you structure an effective offer.
This is where your Sales Associate's negotiation skills come into play. When an offer is made, the seller will have the option of accepting, rejecting or counter-offering. Your Sales Associate will negotiate the best possible terms for you.
Your Sales Associate will draft an Offer to Purchase agreement, advising you of protective contingencies, customary practices, and local regulations. Home warranty, title and escrow arrangements will be detailed in the offer. Although your Sales Associate will give you advice and information, it is your decision as to the exact price and terms that you wish to offer.
In NYS, once your offer has been submitted & Accepted by the Sellers, you typically have 5-7 days to complete your professional inspections. If necessary, any terms, repairs or issues can be negotiated into the final Sale Price. Once all parties have agreed, the Seller's Attorney will draw up a contract and will continuously work with your Attorney for further negotiation.
We understand how overwhelming purchasing your home can be and your Sales Associate will continue to guide and check in with you through closing day & move in.
Once the Attorney's draw up the contract and it is accepted and signed by all parties, your Attorney will open escrow for you and your earnest money will be deposited at your contract signing. The escrow is a neutral third party that will receive, hold, and distribute all funds associated with your transaction.
Removing Contingencies
Prior to closing escrow, all of the contingencies of the Purchase Agreement must be met. Your Sales Associate will coordinate this process. Typical contingencies include:
When all of the conditions of the purchase agreement have been met, you will sign your loan documents and closing papers. You will deposit the balance of your down payment and closing costs to escrow, and your lender will deposit the balance of the purchase price. The deed will then be recorded at the County Recorder's office and youwill take ownership of your home.
Your Sales Associate is a valuable source of helpful tips for planning and coordinating your move.
Our agents are local market experts with access to more information - down to the neighborhood - which makes them good to know.
We love our River Towns - learn more about our surrounding communities.
Our network’s unique tools give you more when looking for your home. Just enter your criteria.
Our agents are good to know. It's important to find an agent to support you in finding the right home with the best possible terms, and to aid you through the entire process.
Get pre-approved for a mortgage today to discover your purchasing power and get a step up against other consumers looking at and making offers on the home you love.
